CPF Easy Info Thread. :)

[crimsontactics]

This news has been reported in Zaobao, published by SPH, a Government-owned GLC, so I would treat this to be reliable enough news to be in Money Mind, unless you have concrete evidence that this news is fake/bullshxt.

Please stop trolling in a serious sub-forum.

 

[dork32]

Please stop trolling in a serious sub-forum.

i think if the news is from zaobao, it should be quite accurate.

it is wanbao or shinmin, then there are lots of gossips and half truths

 

[Perisher]

The source is a opinion piece. One sided story.
Then again, it isn't fake.

 

[commach]

Please stop trolling in a serious sub-forum.

Post precautionary or alternative view of CPF is not trolling.

 

[crimsontactics]

Post precautionary or alternative view of CPF is not trolling.

He posted a biased opinion piece with a quote "Be wary of putting too much money inside CPF."

Didn't even give any explanation or even translate to english.

How is this not fear-mongering and trolling?

Until CPF's response is added, I believe that this kind of post belongs to EDMW rather than MM.

I seek your patience in reconsidering my argument for moving his posts to EDMW.

That way, ervino enjoys his freedom of speech without comprising the seriousness of MM.

 

[commach]

He posted a biased opinion piece with a quote "Be wary of putting too much money inside CPF."

Didn't even give any explanation or even translate to english.

How is this not fear-mongering and trolling?

In what sense the article is biased and fear mongering? Advise someone to be cautious in doing thing is NOT fear mongering. You have your perspective, so are other CPF members.

The article written in Chinese, there is no obligation for anyone re-post it and translate it to English just for you. If you don't understand the article, please ask someone to translate it. Alternatively, you can use Google Translate.

Until CPF's response is added, I believe that this kind of post belongs to EDMW rather than MM.

I seek your patience in reconsidering my argument for moving his posts to EDMW.

That way, ervino enjoys his freedom of speech without comprising the seriousness of MM.

CPF respond or not doesn't matter here, the forum is opened to all, not just for people agree with you. Nothing in the article is not serious enough to view as a cautionary advice.

 

[crimsontactics]

In what sense the article is biased and fear mongering? Advise someone to be cautious in doing thing is NOT fear mongering. You have your perspective, so are other CPF members.

The article written in Chinese, there is no obligation for anyone re-post it and translate it to English just for you. If you don't understand the article, please ask someone to translate it. Alternatively, you can use Google Translate.



CPF respond or not doesn't matter here, the forum is opened to all, not just for people agree with you. Nothing in the article is not serious enough to view as a cautionary advice.

We agree to disagree then.

I realized that I will just be repeating my points again if I continue this argument.

You are the Mod, you have the final say.

 

[crimsontactics]

Based on your argument, and the fact that this news was published in Zaobao which is in turn owned by SPH (a Government-owned GLC), so you are telling us that ZaoBao and SPH is EDMW level?
Sounds like you are telling us that SPH is EDMW level and we should all stop reading SPH published newspapers?

The argument have ended and you have won, so please stop trolling and baiting in a serious sub-forum.

Another such post and you shall be reported.

 

[dork32]

Based on your argument, and the fact that this news was published in Zaobao which is in turn owned by SPH (a Government-owned GLC), so you are telling us that ZaoBao and SPH is EDMW level?
Sounds like you are telling us that SPH is EDMW level and we should all stop reading SPH published newspapers?

i mentioned sph's wanbao and shinmin is not much different from edmw

 

[Newman88]

is there a way on cpf website to show how much VC has been made till date? so that we know the outstanding balance to top up

Yes, there is.After log in with singpass,
From on line service menu,
Choose my requests,
Choose building up my CPF saving,

Contribute to my CPF Accounts via internet banking using e-cashier .
At the e-cashier page, choose contribute to my 3 CPF account (non-taxable)

Click Next,

Tick I have read and accepted the Terms & Conditions above.

Click Next,
Click
"Check Allowable Contribution",

 

[Bobbyss]

Hi all, i have a question.

If a father passed on at age of 55 and HDB loan balance will then be cleared by HPS, can the wife take full cash from the hdb sale upon getting the flat? Do note father is the one servicing the loan from his cpf all time time prior to his death.

 

[ELKYme]

If the property is signed under a “joint tenancy”, the co-owner (Wife in your example) will inherit the property (age doesn’t matter, so your Q on being 55 makes no difference).
https://www.hdb.gov.sg/cs/infoweb/r.../transfer-of-flat-ownership/manner-of-holding

As the deceased (Father in your example) is solely servicing the loan, he should be insured 100% of the balance lease amount. I’ve attached a write-up on HPS.

“If the mortgagor had used his CPF account savings to pay the monthly bank loan instalments of his or her HDB flat, he/she would have been insured under the Home Protection Scheme (HPS).
Under the HPS, if the mortgagor passes away, the CPF Board will settle the outstanding housing loan up to the insured sum, with HDB or the bank which provided the housing loan, directly.”
https://singaporelegaladvice.com/law-articles/mortgage-debts-bills-responsible-after-death/

The answer is yes, the wife can take “full cash” from HDB if she sells the HDB if her husband had passed away. Condition is that the lease is structured as a joint tenancy agreement.

Hi all, i have a question.

If a father passed on at age of 55 and HDB loan balance will then be cleared by HPS, can the wife take full cash from the hdb sale upon getting the flat? Do note father is the one servicing the loan from his cpf all time time prior to his death.

 

[henrylbh]

Hi all, i have a question.

If a father passed on at age of 55 and HDB loan balance will then be cleared by HPS, can the wife take full cash from the hdb sale upon getting the flat? Do note father is the one servicing the loan from his cpf all time time prior to his death.

The deceased's outstanding loan will be cleared if it's 100% covered by HPS which usually the case.

If wife is joint owner she will become the sole owner and can dispose the property and retain every single cent. If she is not joint owner, the flat will go to estate to be distributed according to statutes.

 

[Bobbyss]

thanks. was just wondering then that the sales proceed has to go back to cpf.
thanks for the clarification guys

 

[smart_alex]

Actually if put too much money into CPF account also risky right

You nvr know how old u might be when u get to see the money

 

[ELKYme]

For CPF, best that everyone do our CPF nomination, if no nomination is made and we forget to breathe, our CPF funds will first go to ministry of law before it is distributed according to intestate law of succession (If there’s no will).
This will likely delay the payout to our loved ones (expand point 1 in the link).
https://www.mlaw.gov.sg/content/pto...s/information-for-next-of-kin-cpf-monies.html

thanks. was just wondering then that the sales proceed has to go back to cpf.
thanks for the clarification guys

 

[JuniorLion]

Actually if put too much money into CPF account also risky right

You nvr know how old u might be when u get to see the money

You can withdraw everything in access of your FRS at 55. But I'd bet someone will come here and talk about shifting goalposts.

 

[henrylbh]

For CPF, best that everyone do our CPF nomination, if no nomination is made and we forget to breathe, our CPF funds will first go to ministry of law before it is distributed according to intestate law of succession (If there’s no will).
This will likely delay the payout to our loved ones (expand point 1 in the link).
https://www.mlaw.gov.sg/content/pto...s/information-for-next-of-kin-cpf-monies.html

Without nomination, not only will the CPF money go to the Public Trustee, there will be delay as well as charges and if there are minors then another problem.

 

[Globe]

can i ask some questions here on CPF investment ?

before i got my hdb , i stash $20000 away to a Prudential investment plan .... the investment was formulate under low risk and i got it done maybe middle of 2017.

till date i lost about $500 in value (floating around that amount every month).

The way i see it is that i have been losing 2 years of CPF interest plus the capital ...

As the $20k is not very critical , i am monitoring at the end of each month when the lost is closest to the capital amount and just close it.

Say i do that, what can I do myself ?

 

[SBC]

can i ask some questions here on CPF investment ?

before i got my hdb , i stash $20000 away to a Prudential investment plan .... the investment was formulate under low risk and i got it done maybe middle of 2017.

till date i lost about $500 in value (floating around that amount every month).

The way i see it is that i have been losing 2 years of CPF interest plus the capital ...

As the $20k is not very critical , i am monitoring at the end of each month when the lost is closest to the capital amount and just close it.

Say i do that, what can I do myself ?

To-date total loss of $500 or $500 every mths?